Who Owns T. Rowe Price Capital Appreciation Equity ETF (TCAF)?Hedge Fund & Institutional Holders

$36.74+0.09 (+0.25%)Financial ServicesNYSE_ARCA

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$InfinityT

% of Float Held

—

QoQ Change in Holders

+13 / -6

Price History

$28.96$31.51$34.06$36.61$39.16Sep 24Jun 25Mar 26

TCAF — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
COMMONWEALTH EQUITY SERVICES, LLCNew Position+5.2M+$200.0B
BANK OF AMERICA CORP /DE/Increased+268K+$63.9B
JONES FINANCIAL COMPANIES LLLPNew Position+1.6M+$62.0B
KINTRA WEALTH, LLCNew Position+1.0M+$39.3B
Souders Financial AdvisorsNew Position+742K+$28.4B
McCarthy Asset Management, Inc.New Position+576K+$22.0B
EASTERN BANKNew Position+436K+$16.6B
D.A. DAVIDSON & CO.New Position+384K+$14.7B
National Wealth Management Group, LLCNew Position+351K+$13.4B
Principle Wealth Partners LLCNew Position+343K+$13.1B
PARSONS CAPITAL MANAGEMENT INC/RINew Position+330K+$12.6B
Onyx Bridge Wealth Group LLCNew Position+309K+$11.8B
OSAIC HOLDINGS, INC.Increased+217K+$10.9B
MTM Investment Management, LLCNew Position+283K+$10.8B
4J Wealth Management LLCNew Position+280K+$10.7B

TCAF — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
Mesirow Financial Investment Management, Inc.Decreased-367K-$47.9B
McCarthy & CoxClosed Position-1.0M-$38.9B
JPMORGAN CHASE & CODecreased-703K-$28.3B
TTP Investments, Inc.Decreased-734K-$27.7B
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CODecreased-563K-$21.4B
RAYMOND JAMES FINANCIAL INCDecreased-462K-$15.6B
NCM Capital Management, LLCClosed Position-178K-$6.7B
Fortis Group Advisors, LLCDecreased-115K-$4.5B
Strategic Financial Concepts, LLCClosed Position-114K-$4.3B
SUSQUEHANNA INTERNATIONAL GROUP, LLPDecreased-61K-$2.9B
JANE STREET GROUP, LLCClosed Position-56K-$2.1B
CITADEL ADVISORS LLCClosed Position-55K-$2.1B
GTS SECURITIES LLCClosed Position-51K-$1.9B
RENAISSANCE TECHNOLOGIES LLCDecreased-34K-$1.9B
OneDigital Investment Advisors LLCDecreased-27K-$1.6B

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1COMMONWEALTH EQUITY SERVICES, LLC5,233,638$200.0B266.63%Share
2RAYMOND JAMES FINANCIAL INC4,021,704$153.0B47.60%Share
3OSAIC HOLDINGS, INC.3,242,882$123.0B179.73%Share
4Baird Financial Group, Inc.2,796,816$106.0B165.23%Share
5VOYA INVESTMENT MANAGEMENT LLC2,545,999$97.0B95.62%Share
6ROYAL BANK OF CANADA2,425,430$92.0B14.97%Share
7WELLS FARGO & COMPANY/MN2,016,487$77.0B14.02%Share
8JONES FINANCIAL COMPANIES LLLP1,634,740$62.0B37.80%Share
9WELLS FARGO & COMPANY/MN1,514,986$57.0B10.38%Share
10STIFEL FINANCIAL CORP1,440,175$55.0B49.47%Share
11RAYMOND JAMES FINANCIAL INC1,362,537$52.0B16.18%Share
12AMERIPRISE FINANCIAL INC1,314,930$50.0B11.30%Share
13Modern Wealth Management, LLC1,279,661$48.9B891.81%Share
14LEVEL FOUR ADVISORY SERVICES, LLC1,159,901$44.0B1.44%Share
15PYA Waltman Capital, LLC1,095,812$41.0B11.02%Share
16KINTRA WEALTH, LLC1,029,276$39.3B5.49%Share
17BANK OF AMERICA CORP /DE/965,609$36.0B2.62%Share
18CORA CAPITAL ADVISORS LLC902,349$34.5B13.43%Share
19UBS Group AG825,630$31.6B5.12%Share
20TTP Investments, Inc.824,289$31.5B10.28%Share
21Private Advisor Group, LLC787,017$30.0B141.14%Share
22Souders Financial Advisors741,865$28.4B3.25%Share
23BANK OF AMERICA CORP /DE/747,736$28.0B2.04%Share
24OneDigital Investment Advisors LLC732,336$27.0B264.63%Share
25JPMORGAN CHASE & CO715,558$27.0B1.70%Share
26McCarthy Asset Management, Inc.575,554$22.0B11.48%Share
27ADE, LLC556,039$21.3B10.29%Share
28Cornerstone Advisory, LLC546,080$20.9B1.99%Share
29EASTERN BANK430,014$16.4B283.60%Share
30JPMORGAN CHASE & CO437,327$16.0B1.00%Share
31DKM Wealth Management, Inc.410,943$15.7B11.72%Share
32D.A. DAVIDSON & CO.383,875$14.7B89.87%Share
33ARS Wealth Advisors Group, LLC383,326$14.7B1.32%Share
34National Wealth Management Group, LLC351,421$13.4B4.66%Share
35Principle Wealth Partners LLC342,637$13.1B0.74%Share
36IFG Advisory, LLC344,120$13.0B0.57%Share
37Rockefeller Capital Management L.P.361,577$13.0B23.40%Share
38PARSONS CAPITAL MANAGEMENT INC/RI329,503$12.6B0.69%Share
39Forge Financial Services LLC316,641$12.1B5.17%Share
40Onyx Bridge Wealth Group LLC309,197$11.8B1.26%Share
41MTM Investment Management, LLC282,873$10.8B3.45%Share
424J Wealth Management LLC279,558$10.7B6.12%Share
43Keystone Financial Group252,587$9.7B0.71%Share
44Beacon Financial Advisory LLC248,183$9.5B2.20%Share
45CERTIOR FINANCIAL GROUP, LLC225,887$8.6B5.83%Share
46Garden State Investment Advisory Services LLC221,117$8.5B1.86%Share
47WCG Wealth Advisors LLC220,289$8.4B0.24%Share
48Carson Advisory Inc.210,373$8.0B4.18%Share
49Essex Financial Services, Inc.217,414$8.0B0.46%Share
50Stratos Wealth Advisors, LLC207,235$7.9B0.38%Share

TCAF Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025318$2.1T+145
Q3 2025173$2.3T-81
Q2 2025254$2.1T+7
Q1 2025247$2.0T+56
Q4 2024191$54.1T+62
Q3 2024129$277.5T+5
Q2 2024124$75.9T+28
Q1 202496$69.6T—

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As of Q4 2025, 50 institutional investors hold TCAF (T. Rowe Price Capital Appreciation Equity ETF). The largest holder is COMMONWEALTH EQUITY SERVICES, LLC with $200.0B in shares. This quarter, 13 institutions opened new positions and 6 closed their positions.

Frequently Asked Questions

How many hedge funds own TCAF?

As of Q4 2025, 50 institutional investors report holding TCAF (T. Rowe Price Capital Appreciation Equity ETF) in their 13F filings.

Who is the largest institutional holder of TCAF?

The largest institutional holder of TCAF is COMMONWEALTH EQUITY SERVICES, LLC with $200.0B in shares.

Is institutional ownership of TCAF increasing or decreasing?

This quarter, 13 institutions opened new positions in TCAF and 6 closed their positions.